Well, it wasn't backed by me, as I said here in the Chamber here in 2004—or I should say in the old Chamber here in 2004. And if you check the dates on the reports and the people it names, you'll see Labour names coming up, not people who were in opposition at the time—independent reports.

As I was saying, if UK Government had spent and borrowed more since 2010, greater cuts would have been imposed on them, where those high-deficit nations that objected austerity got it in full measure. Since 2010 the top earners have been paying a higher proportion of income tax than ever before on record, whilst the amount paid by lower earners has fallen. With the deficit now down, Wales will benefit from £1.8 billion of extra investment under a majority UK Conservative Government, on top of the £2.7 billion already committed to increase spending on health and education here.

In contrast, Mr Corbyn's plans would generate higher interest rates and bigger cuts down the road. Conservatives are delivering on record investment with £790 million into growth deals across Wales, including, as we heard, the £120 million for the north Wales growth deal. The UK Conservative Government announced that it was opening the door to a growth deal for north Wales in its March 2016 budget, and earlier this month, representatives of the North Wales Economic Ambition Board joined the UK and Welsh Governments to sign the heads of terms for the growth deal in north Wales—expected to generate total investment of £1 billion.

The UK Government has also supported north Wales in other ways, including an £82 million defence contract with a Denbighshire firm and locating the F-35 maintenance programme at MOD Sealand in north Wales, which is expected to generate millions of pounds and support thousands of jobs. The 2015-16 Office of Rail and Road annual report on UK rail industry financial information said that Wales received 9.6 per cent of net Government funding for franchised train operators and Network Rail and 6.4 per cent of total net Government funding for Network Rail routes. Their 2017-18 report showed that net Government funding as a percentage of the rail industry's total income was 17 per cent in England, 47 per cent in Scotland and 49 per cent in Wales. The net Government funding for rail franchises as a percentage of total income, including infrastructure funding, was 56 per cent for Wales and the borders, compared to just 21 per cent for the GB total. And their 2018-19 report showed that Government contributed £1.79 per passenger journey in England, £6.14 in Scotland and £9.16 in Wales, where the Wales route has the highest Government funding per passenger kilometre. So, I hope the Welsh Government will stop peddling the statements it's put into its amendment. Further, Network Rail will invest £2 billion in railways across Wales and its borders over the next five years.

The Welsh Government's Superfast Cymru broadband programme was kicked off when the UK Government gave the Welsh Government £57 million in 2011—11 per cent of all UK funding—followed by £56 million more in 2017. And UK Government funding included the £7 million extra for north Wales announced in June to introduce ultrafast broadband connectivity across the region's public sector organisations and create more connections to local businesses and homes.

The funding floor agreed by the UK Conservative Government means that the Welsh Government now benefits from the certainty that the funding it receives for devolved services won't fall below 115 per cent per head of the figure in England. Currently, for every £1 spent by the UK Conservative Government in England on matters devolved to Wales, £1.20 is given to Wales.

However, after two decades of Labour Welsh Government, Wales has the highest unemployment and highest percentage of employees not on permanent contracts across the UK nations, and the lowest wages of any nation across Great Britain. Wales remains the least productive UK nation, and successive Labour Welsh Governments have failed to close the gap between the richest and poorest parts of Wales and between Wales and the rest of the UK, despite the Welsh Government having blown billions on top-down programmes meant to tackle this.

Between 2010 and 2016, Labour-led Wales was the only UK nation to see a real-terms cut in identifiable expenditure on health. Their accident and emergency targets haven't been met since 2009, and they spend a lower proportion of their NHS budget on GPs than any other UK nation. And despite repeated warnings, they've created an affordable housing supply crisis that did not exist when they came to power two decades ago. That didn't start in 2010, it started in 1999. Let this be a warning to all those considering giving their vote to Mr Corbyn.